11.245
Today
+0.01%
5 Days
-0.67%
1 Month
+1.24%
6 Months
+3.14%
Year to Date
+4.38%
1 Year
+2.23%
Opening Price
11.232Previous Closing Price
11.244
The downside prevails as long as 11.2803 is resistance, with 11.2243 and 11.2118 as targets
above 11.2803, look for 11.3014 and 11.3139.
The downside prevails as long as 11.2803 is resistance, with 11.2243 and 11.2118 as targets
Commerzbank’s Michael Pfister and Norman Liebke describe how Swedish government tax and fuel measures have temporarily suppressed inflation, keeping the Riksbank on hold at 1.75% with hikes only expected late in the year.
Brown Brothers Harriman’s (BBH) Elias Haddad reports the Swedish Krona (SEK) rallied after the Riksbank delivered a hawkish hold, keeping rates unchanged but signaling more tightening ahead.
Commerzbank’s Antje Praefcke expects the Riksbank to leave its policy rate at 1.75% while continuing to signal a possible hike by year-end. Despite very low current inflation, projections show price pressures rising again as temporary tax cuts expire and energy prices stay high.
Kit Juckes at Societe Generale argues that Swedish Krona (SEK) is poised to benefit from Sweden’s superior growth outlook and expected Riksbank tightening.
Nomura’s Global Markets Research team, led by Josie Anderson, George Buckley and Andrzej Szczepaniak, notes that Sweden’s 13 September election remains too close to call, with the centre-left only narrowly ahead.
Danske Research Team explains that Sweden’s July Gross Domestic Product (GDP) indicator was weak, but underlying domestic activity appears stronger, with solid services and consumption data.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.
Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.
